Redfin CEO reacts to housing market with ’Twilight Zone’ conditions

Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down.But what is the alternative if rates don’t come down?“Great question — Plan B is drink our own urine or our com

loanDepot sells MSRs, improves margins in Q2

California-based mortgage lender loanDepot reduced its financial loss in the second quarter of 2024 while still feeling the impacts of a January cyberattack. During the three-month period, the company increased its volumes and margins while implementing an efficiency program and selling mortgage ser

Quirky Castle-Themed Nevada Mansion With a Private Grotto Hits the Market for $10M

Realtor.comIn 2006, longtime Las Vegas magician Lance Burton worked a little magic on the Las Vegas skyline, conjuring up an astounding luxury castle on a Henderson hilltop.After he’d closed the curtain on his long-running show and moved to his farm in Kentucky, in 2021 he sold his 10.5-acre custom

Ginnie Mae fires back at TCB over venue claims in reverse mortgage case

Attorneys for Ginnie Mae have responded to Texas Capital Bank (TBC) over the government’s motion to move the case to a different venue. They say that the bank’s own filing on the matter avoids the key issues that the government sought to raise regarding the original clause that specifies where any r